Former President Donald Trump’s social media platform Truth Social and white-collar firm Digital World Acquisition Corp. was unable to reach a merger agreement by the deadline and will require an extension. Digital World, the company that takes the social networking platform public, on Friday announced a special meeting of shareholders to approve an extension to the deadline to complete the merger. “While we are making every effort to complete the Business Combination as soon as possible, our board of directors believes that there will not be sufficient time prior to the Closing Date to complete the Business Combination,” Digital World said in an SEC filing. TOP TRUMP WHITE HOUSE ECONOMIST IS SURPRISED BY BIDEN ADMINISTRATION’S ‘RECESSION’ Digital World, the company that holds Truth Social public, announced Friday a special meeting of shareholders to approve an extension to the deadline for the completion of the merger. (REUTERS/Dado Ruvic/Illustration/Reuters Photos) The deadline for the merger to be completed is September 8, 2022, and Digital World wants to extend it by one year. The announcement comes as US regulators investigate the merger. DRAWINGS TO TOURISTS TO TOURISTS TRUMP THEME BURGER DRAWINGS The deadline for completing the merger is September 8, 2022, and Digital World wants to extend that date by one year. (Photo by James Devaney/GC Images | App store / Getty Images) In June, Digital World said a federal grand jury in the Southern District of New York had subpoenaed its board. The US Securities and Exchange Commission and the Financial Industry Regulatory Authority had also requested additional information about the merger. ELON MUSK ANSWERS TRUMP AS HE CALLS HIM A ‘BULL— ARTIST’, SAYS THERE SHOULD BE A MAXIMUM AGE FOR THE PRESIDENCY In June, Digital World said a federal grand jury in the Southern District of New York had subpoenaed its board. (AP Images) GET THE FOX BUSINESS ON THE GO BY CLICKING HERE Trump Media & Technology Group Corp, which created the Truth Social platform, agreed in October to a merger with Digital World and expected the deal to close by the second half of 2022. Reuters contributed to this report.
